The return on equity (ROE) of the stock stood at 20.56 per cent. Trading volume on the stock market stood at 12:17 pm and turnover at Rs 10.05 crore at the same hour. REC Ltd. traded at a 52-week high price of Rs 653.9 and a 52-week low price of Rs 239.6, respectively.
The stock’s beta value, which measures its volatility relative to the broader market, stood at 1.27.
Promoter/Holding FII
Promoters held 52.63 per cent stake in the company as of June 30, 2024, while foreign investors held 20.43 per cent and domestic institutional investors held 9.11 per cent. Key financial data
The company reported consolidated sales of Rs 13,092.44 crore for the quarter ended June 30, 2024, up 3.04 per cent from Rs 12,706.66 crore in the previous quarter and 18.04 per cent higher than Rs 11,091.77 crore in the same quarter last year. Net profit after tax for the last quarter stood at Rs 3,460.19 crore, up 16.58 per cent from the same quarter last year. Technicians
The MACD signaled a bearish trend in the stock market. The MACD is known for signaling trend changes in traded securities or indices.
It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted above the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the security’s price may experience a downward movement and vice versa.
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